Today's Flooring News

Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.

Greenspan Sees Gradual Rate Hikes

Washington, July 21--Fed Chairman Alan Greenspan said today the U.S. central bank aims to continue raising interest rates at a gradual clip over the next 18 months or so.

Home Builders Largely Upbeat Despite Numbers

Washington, DC, July 20--Indicating that single-family home builders remain largely upbeat regarding conditions in the new-homes market, the monthly National Association of Home Builders/Wells Fargo Housing Market Index (HMI) edged down a single point to

Housing Starts Off 8.5%

Washington, July 20--Home construction took its biggest tumble in more than a year during June, as mortgage rates crept upward and hiring weakened. Building permits, which provide a glimpse of future demand, also fell sharply.

New Shaw Rug Collection Says More With Less

Dalton, GA, July 20--Versant, a new tufted area rug collection from Shaw Living, was specifically designed to say “More with less” by utilizing pleasing natural textures combined with current and fresh colors to achieve a soft yet vibrant statement.

New York Retailer To Close

Oneonta, NY, July 20--After half a century in business, a downtown home improvement store is rolling up its carpets, according to the Daily Star, Oneonta, NY.